Enza Capital, a Nairobi-based venture capital firm, has closed $58 million across two funds. The firm focuses on investing in early-stage startups that are “organizing the offline online” and “digitizing key African industries.” Enza Capital also has a unique founder partner program, where founders and leadership teams of its portfolio companies become co-owners of the firm.
Investment Thesis and Portfolio
Enza Capital invests in startups across a variety of industries, including fintech, logistics, health, human capital, and climate tech. The firm’s portfolio companies include Guidewheel, Shara, Djamo, Turaco, Autochek, Jumba, Craydel, Cloudline, and SeamlessHR.
Founders Partner Program
Enza Capital’s founder partner program is a unique way for the firm to align its interests with those of its founders. Under the program, founders and leadership teams of Enza Capital’s portfolio companies become co-owners of the firm. This gives founders a stake in the firm’s success and allows them to benefit from the firm’s long-term growth.
Why is Enza Capital Doing This?
Enza Capital’s founders, Mike Mompi and John Lazar, believe that the founder partner program is a way to build stronger relationships with their founders and to create a more equitable venture capital ecosystem in Africa. Mompi and Lazar have both experienced the challenges of raising venture capital and scaling a company, and they want to make it easier for African founders to succeed.
What Does This Mean for the Future of Venture Capital in Africa?
Enza Capital’s founder partner program is a sign of the growing maturity of the venture capital ecosystem in Africa. It is also a sign of the increasing focus on founder-first investing. As more venture capital firms adopt founder-first practices, the African startup ecosystem will become stronger and more vibrant.
Enza Capital is one of the largest venture capital funds in Africa that is not backed by traditional African institutional investors, such as development finance institutions (DFIs). This is a sign of the growing interest from global investors in the African startup ecosystem. It’s founder partner program is still in its early stages, but it has the potential to revolutionize the way venture capital is done in Africa. If more venture capital firms adopt this model, it could lead to a more equitable and successful startup ecosystem. It’s focus is on investing in early-stage startups is also important. Early-stage startups are the backbone of any startup ecosystem, and they need support to succeed. Enza Capital is playing a vital role in providing this support to African startups.
Overally, Enza Capital is a venture capital firm that is at the forefront of innovation in Africa. The firm’s founder partner program and its focus on early-stage investing are both signs of its commitment to building a stronger and more equitable startup ecosystem in Africa.